Septerna, Inc.
For the period ended Dec 31, 2024. Filed Mar 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 27, 2025
SEPN$50.74+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
(In thousands, except for share and per share data)
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $238,196 | $88,483 |
| Marketable securities | 112,727 | — |
| Accounts receivable | 171 | 151 |
| Other receivable related to sale of non-financial asset | — | 22,625 |
| Prepaid expenses and other current assets | 5,730 | 1,419 |
| Total current assets | 356,824 | 112,678 |
| Marketable securities, non-current | 69,866 | — |
| Property and equipment, net | 5,090 | 4,665 |
| Operating lease right-of-use assets | 23,602 | 12,522 |
| Restricted cash | 905 | 905 |
| Other non-current assets | 267 | 97 |
| Total assets | $456,554 | $130,867 |
| Liabilities, Convertible Preferred Stock and Stockholders' Equity (Deficit) | ||
| Current liabilities: | ||
| Accounts payable | $3,200 | $2,637 |
| Accrued expenses and other current liabilities | 7,798 | 4,277 |
| Operating lease liabilities, current | 1,851 | — |
| Total current liabilities | 12,849 | 6,914 |
| Operating lease liabilities, non-current | 23,625 | 12,566 |
| Other non-current liabilities | 33 | 546 |
| Total liabilities | 36,507 | 20,026 |
| Commitments and contingencies (Note 8) | ||
| Convertible preferred stock: | ||
| Series A Convertible Preferred Stock, $0.001 par value per share; no shares authorized, issued or outstanding at December 31, 2024; 75,000,000 shares authorized, issued and outstanding as of December 31, 2023; liquidation preference of $75,000 at December 31, 2023 | — | 74,694 |
| Series B Convertible Preferred Stock, $0.001 par value per share; no shares authorized issued or outstanding at December 31, 2024; 121,657,452 shares authorized at December 31, 2023; 60,828,720 shares issued and outstanding as of December 31, 2023; liquidation preference of $75,000 at December 31, 2023 | — | 74,521 |
| Stockholders' equity (deficit): | ||
| Preferred stock, $0.001 par value; 10,000,000 shares and no shares authorized as of December 31, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of December 31, 2024 | — | — |
| Common stock, $0.001 par value per share, 500,000,000 and 260,590,689 shares authorized at December 31, 2024 and 2023, respectively; 44,422,505 and 3,168,134 shares issued and outstanding at December 31, 2024 and 2023, respectively; 576,829 and 1,002,044 shares subject to repurchase as of December 31, 2024 and 2023, respectively | 44 | 3 |
| Additional paid-in capital | 538,321 | 8,199 |
| Accumulated other comprehensive income | 56 | — |
| Accumulated deficit | (118,374) | (46,576) |
| Total stockholders' equity (deficit) | 420,047 | (38,374) |
| Total liabilities, convertible preferred stock and stockholders' equity (deficit) | $456,554 | $130,867 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.